1、 Price data

According to the bulk list data of business society, the price of petroleum coke of local refiners fell this week. On May 22, the average price in Shandong market was 4982.75 yuan / ton, down 3.16% from 5145.25 yuan / ton on May 16.

On May 22, the commodity index of petroleum coke was 387.55, unchanged from yesterday, down 5.17% from the highest point 408.70 in the cycle (2022-05-11), and up 479.38% from the lowest point 66.89 on March 28, 2016. (Note: the period refers to the period from September 30, 2012 to now)

2、 Analysis of influencing factors

This week, the price of petroleum coke in the refinery fell, the market trading was general, the market supply increased, the refinery price decreased, the shipment was positive, the downstream carbon enterprises had a strong wait-and-see mood, and mainly purchased on demand.

Upstream: the international crude oil price fluctuates, and the market focus has gradually got rid of the fear of demand, and the focus has gradually returned to the expectation of supply tightening. The short-term market is still affected by the expected impact of EU sanctions on Russian oil exports, and oil prices are strongly supported. The organization of Petroleum Exporting Countries (OPEC) warned that the market would see more than 7 million barrels of Russian oil and other liquid oil export losses per day. As the ability of many oil producing countries in the world to increase production rapidly is limited, the oil price may remain high in the foreseeable future, and the crude oil market price is strongly supported. Especially at present, the epidemic still plays a role, and the future demand may become the biggest constraint on the oil price. Of course, under the background of the Russian Ukrainian war, Russia’s oil supply is affected by intensive Western sanctions. The current situation is more complex. The impact of oil prices from the supply side will play a role in the long term to further offset the negative impact of the demand side.

Downstream: the price of calcined coke remained basically stable this week; The market price of metallic silicon has been lowered; The price of electrolytic aluminum in the downstream rose. As of May 22, the price was 20520.00 yuan / ton. At present, the supply of petroleum coke in the market has increased, and the downstream carbon enterprises have a strong wait-and-see mood and purchase more on demand.

Petroleum coke analysts of business agency believe that imported coke is concentrated in Hong Kong this week, the supply of petroleum coke market increases, refineries actively reduce prices and ship goods, and downstream carbon enterprises have a strong wait-and-see mood and focus on demand. It is expected that the price of refined petroleum coke may continue to decline in the near future.